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News
Stay up to date with news and updates on legal and financial news for you, your team and your company.
We constantly share with you announcements and changes about the tax system, social insurance, company registrar in Cyprus and many more, to ensure that you are informed about anything that it's important for your business.
Submission of Employer's Declaration of Tax Withholding & Contributions (TD7) via the Tax For All (TFA) System
The Tax Department informs that, as of Friday, 22 August 2025 , with the reactivation of the TFA system, the submission of the TD7 Declaration and payment of Withheld Tax & Contributions will be done exclusively through TFA. Annual TD7 Declaration (Year 2024) Submission Deadline → 31-12-2025 Not Required the Tax Identification Number (TIN) for each employee. Monthly TD7 Declarations (Year 2025) Submission of all monthly TD7 Declarations for 2025 is mandatory , starting from
Oct 12
Phishing Emails
The Tax Department informs the public that fraudulent emails are circulating, bearing the logo of the Government Portal "GOV.CY." These...
Sep 9
Deadline for Registration of Beneficial Ownership Data and imposition of fines – 2025
We would like to remind you that all companies incorporated or registered under the Companies Law, Cap. 113, all European Public Limited...
Sep 1
Submission of the «Employer’s» Tax Declaration (TD7) & PAYE via the TAX FOR ALL (TFA) System
The Cyprus Tax Department has announced that, within the first six months of 2025, the submission of the Employer’s Tax Declarations...
Mar 14
Extension of Employer's Obligation to Register the Essential Terms of Employment in the «ERGANI» Information System
Based on the new Decree published by the Minister of Labour and Social Insurance on 28 February 2025, the deadline for the Employer's...
Mar 13
Guide to the «ERGANI» Information System & Procedure for Recording Basic Terms of Employment
Further to the New Decree according to which the Employer is obligated to register the Essential Terms of Employment of all their...
Jan 3
Important changes to the implementation framework of the UBO Register
On 06/12/2024 the Department of the Registrar of Companies and Intellectual Property published the Prevention and Suppression of Money...
Jan 2
Employer's Obligation to Register the Essential Terms of Employment of All Employees in the «ERGANI» Information System
We inform you that the Minister of Labour & Social Insurance has issued a new Decree published in the Official Gazette of the Republic on...
Dec 27, 2024
Law amendment regarding fines and penalties imposed for undeclared work
On the 15th of November 2024 the House of Representatives, in an effort to combat undeclared employment, passed and announced stricter...
Nov 28, 2024
2024 Temporary tax second instalment and Stock take reminder
2024 Temporary tax second instalment and Stock take reminder Temporary Tax 2024 Companies that expect to have taxable income for the year...
Nov 4, 2024
End of reduced VAT on electricity and selected products
It has been announced by the Ministry of Finance that from October 2024 the electricity subsidy and the 0% VAT which was previously...
Oct 1, 2024
Update of Beneficial Ownership information in the Beneficial Ownership Register
The Department of Registrar of Companies has announced that the Beneficial Ownership Register system will be open from 1st October 2024...
Oct 1, 2024
Extension for Submission of the 2023 TD1 to 31/10/2024
The Tax Department announces that, based on a Decree of the Council of Ministers dated 21st June 2024, 2023 (ΚΔΠ 209/2024), the...
Jun 26, 2024
Cyprus companies: 2024 Temporary tax first instalment
Companies that expect to have taxable income for the year 2024 must pay the first instalment of the temporary (provisional) tax by the...
Jun 20, 2024
Start of submission of Income Tax Return declaration for 2023
Cyprus May 2024 – The Tax Department announced that the submission of the Individual Income Return for 2023 through the TaxisNet...
May 21, 2024
Participation in the Replenishment Scheme of National Solidarity Fund
An electronic service launched by the Ministry of Finance to contribute to the partial replenishment of losses incurred in 2013 by...
Apr 18, 2024
FBME Bank Liquidation
FBME Bank Liquidation Please be advised that the liquidation of FBME Bank in Cyprus and Tanzania has finally commenced. This is extremely...
Apr 15, 2024
Annual Return (HE32) – changes to the late submission charges
The late submission fees for the Annual Returns has been set at €150 (previous fines were set €500) following the decision of the House...
Feb 29, 2024
Submit a Declaration of Withholding Taxes & Contributions (TD 7) for the year 2024 through the TAX FOR ALL (TFA) system
Following the migration to the «TFA» system, the Employer’s return form (TD 7) from 2024 onwards will be submitted on the «TFA» platform...
Feb 26, 2024
Extension of submission to the Register of Beneficial Owners until March 31 2024
We would like to remind you that during the period from 1st of December to 31st of December of each calendar year, all legal entities...
Jan 30, 2024
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